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Violation Tracker Individual Record

Company: Your Money Access, LLC
Penalty: $3,600,000
Year: 2010
Date: November 5, 2010
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: At the request of the Federal Trade Commission, a federal court entered a judgment of more than $3.6 million against a payment processor and its subsidiary that allegedly debited consumers' bank accounts illegally on behalf of deceptive telemarketers. According to a 2007 complaint filed by the FTC and seven states, Your Money Access, LLC and its subsidiary, YMA Company, LLC, processed unauthorized debits on behalf of deceptive telemarketers and Internet-based schemes that were violating the FTC's Telemarketing Sales Rule and state consumer protection laws.
Level of Government: federal
Action Type: agency action
Agency: Federal Trade Commission
Civil or Criminal Case: civil
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.